Metals, mining and money markets

LME warehouse levels
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, January 27, 2014 (change from January 20, 2014 in brackets):
Aluminium Alloy	55960	(-280)
Aluminium	5445400	(-30775)
Copper	325400	(-9150)
Lead	209675	(+425)
Nickel	264090	(+2826)
Tin	9065	(-405)
Zinc	869075	(-10675)

Producer and dealer prices

Antimony FOB China: Mid-mkt US$9,800/t

Bismuth: Mid-mkt US$9.60/lb.

Cadmium 99.9: Mid-mkt US$0.90/lb.

Coal: CME Group Central Appalachian Coal Futures

Mar. 2014: US$59.50; Apr. 2014: US$58.95

Cobalt 99.8: US$14.25/lb.

Copper: Comex Copper Futures Feb. 2014: US$3.25/lb.; Comex Mar. 2014: $3.24/lb.

Germanium: US$1,900/kg.

Germanium Dioxide: US$1,375/kg

Indium: NY Dealer Mid-mkt US$700.00/kg.

Iridium: Mid-mkt US$412.73/tr. oz.

Magnesium FOB China: Mid-mkt US$2,900.00/t.

Manganese FOB China: Mid-mkt US$2,450.00/t.

Molybdenum Oxide: US$10.00/lb.

Rhodium: Mid-mkt US$1,038.64/tr. oz.

Ruthenium: Mid-mkt US$57.77/tr. oz.

Selenium: Mid-mkt US$28.00/lb.

Silver: Base: US$19.63; Fabricated: US$23.56; Sterling: US$18.21

Tungsten: APT Tungstate FOB China mid-mkt: US$380.00 per mtu

Uranium: U3O8, Trade Tech spot price: US$35.60/lb.; Uranium Exchange Co. spot price: N.A./lb.

Ferrovanadium: US$26.00/kg; Vanadium-Pentoxide: US$6.00/lb.

Prices current Jan. 29, 2014

Daily metal prices
Date	Jan 27	Jan 24	Jan 23	Jan 22	Jan 21
BASE METALS	(London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Al Alloy	1795/1835	1819/1850	1785/1825	1825/1860	1785/1820
Aluminum	1710.50/1755.50	1726/1769	1731/1773	1746/1788	1742/1785.50
Copper	7230/7199.50	7239.50/7207	7284.50/7257	7326/7289	7331.50/7280
Lead	2134/2146.50	2145/2165	2154/2173	2181.50/2205	2176/2203
Nickel	14255/14320	14550/14610	14630/14710	14640/14720	14560/14625
Tin	21995/21975	22100/22075	22150/22175	22235/22200	22125/22120
Zinc	2007.50/2023	2018.50/2028	2050.50/2055	2074.50/2079	2069/2072

PRECIOUS METAL PRICES (London fix, US$ per troy oz.)
Gold AM	1270.00	1259.25	1244.25	1239.50	1247.75
Gold PM	1260.50	1267.00	1263.00	1241.00	1238.00
Silver	19.83	20.19	20.11	19.87	20.03
Platinum	1421.00	1443.00	1454.00	1458.00	1444.00
Palladium	731.00	745.00	746.00	747.00	743.00

Exchnage rates
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Date	Jan 27	Jan 24	Jan 23	Jan 22	Jan 21
US$ in C$	1.1098	1.1062	1.1130	1.1069	1.0972
C$ in US$	0.9011	0.9040	0.8985	0.9034	0.9114

EXCHANGE RATES (Bank of Canada, Jan 27, 2014)
Currency	Aus $	Euro	Japan	Mex P	SA Rand	UK £
In C$	0.9694	1.5180	0.01085	0.08254	0.09924	1.8408
In US$	0.8735	1.3678	0.00978	0.07437	0.08942	1.6587

Canadian gold mutual funds
Fund name	Jan. 27	Jan. 15	Change	Change	YTD	MER*	Assets*
	($)	($)	($)	(%)	(%)	(%)	(M$)
AGF Pr Mtl	18.90	19.18	-5.67	-39.4	11.97	2.56	698.9
Altamira Pr & Str Mtl	9.65	9.87	-5.71	-37.7	12.87	2.35	83.5
BMO Junior Gold Index ETF	7.03	7.35	-2.78	-51.5	14.24	0.58	108.4
BMO Pr Mtl	14.67	14.96	-2.75	-39.2	12.84	2.29	133.6
CIBC Pr Mtl	10.40	10.45	-4.62	-41.1	13.38	2.40	141.8
Dynamic Can Pr Mtl	6.21	6.15	-6.43	-52.0	15.21	1.65	811.6
London Life Precious Mtl	19.76	19.99	-8.38	-44.2	13.80	3.37	259.2
Middlefield Precious Metals	6.81	6.86	-12.38	-46.1	16.74	2.48	8.5
RBC Global Pr Mtl	24.93	25.26	-3.19	-39.9	11.82	2.04	1380.4
Sentry Pr Mtl Growth	30.11	31.42	2.76	-46.8	16.44	2.75	731.5
Sprott Gold and Pr Minls	28.18	28.78	-11.45	-47.8	16.61	2.84	854
Sprott Gold and Pr Minls F	30.13	30.77	-10.69	-47.4	16.70	1.78	n/a
TD Pr Mtl	31.45	32.09	-7.05	-37.3	11.45	2.15	313.9
TD Pr Mtl-A	6.63	6.77	-7.18	-37.4	11.43	2.31	n/a
iShares TSX Global Gold Index	11.07	11.09	-5.17	-42.1	13.48	0.55	802.1
Featured fund: CIBC Precious Metals top holdings as of 09/30/13 (in weighted order): Randgold, B2Gold, New Gold, Silver Wheaton, Primero Mining, Goldcorp, Agnico Eagle Mines, Tahoe Resources, Yamana Gold. Fund manager: Craig Porter.

North American stock exchange indices
						52-week
Date	Jan 27	Jan 24	Jan 23	Jan 22	Jan 21	High	Low
TSX Composite	13582.29	13717.76	13932.97	13988.20	13951.77	14002.39	11759.04
S&P/TSX-Ven Comp	951.75	967.31	983.39	980.44	979.96	1236.34	859.31
S&P TSX 60	780.70	788.15	801.83	805.34	802.16	806.34	677.55
Global Gold	177.56	182.48	183.78	177.82	180.99	286.56	149.29
TSX Metals & Mining	817.75	820.07	836.65	849.82	862.57	1033.39	662.20
Gold & Silver XAU	89.58	92.68	93.45	91.19	92.57	154.71	79.73
Amex Gold Bugs	212.87	219.60	219.70	213.91	220.01	409.07	188.39

TSX short positions
Short positions outstanding at Jan. 15/13 (with changes from Dec. 31/13).

Largest short positions
Lundin Mining	LUN	60648263	275619
New Gold	NGD	46794820	417533
Osisko Mining	OSK	44777864	1102693
Kinross Gold	K	37864222	19866134
Detour Gold	DGC	24902290	914596
Tahoe Res.	THO	19152012	-17910
Yamana Gold	YRI	17897279	13153391
Thompson Creek	TCM	17008439	830239
B2gold	BTO	15128460	-2642538
Teck Resources	TCK.B	13243615	5376293
Dundee Prec.	DPM	13022045	-164165
Barrick Gold	ABX	12619978	-19796351
Argonaut Gold	AR	11088126	-131656
First Quantum	FM	11030336	618221
First Majestic	FR	10701518	213752
Largest increase in short position
Kinross Gold	K	37864222	19866134
Yamana Gold	YRI	17897279	13153391
Teck Resources	TCK.B	13243615	5376293
Agrium	AGU	4705383	4110779
Cameco	CCO	6464011	2717558
Largest decrease in short position
Barrick Gold	ABX	12619978	-19796351
Turquoise Hill	TRQ	6926913	-15964505
Eldorado Gold	ELD	4275414	-4821744
B2gold	BTO	15128460	-2642538
Carpathian Gold	CPN	12100	-1785000

TSX Venture short positions
Short positions outstanding at Jan. 15/13 (with changes from Dec. 31/13).

Largest short positions
Graphite One	GPH	2172000	1611000
Sirios Resources	SOI	1627900	993400
Robex Resources	RBX	1339500	1319500
Great Western Mnrls	GWG	653500	-21000
Fission Uranium	FCU	558664	168573
Fission 3.0	FUU	458100	-622927
Bellhaven Copper	BHV	353000	107000
Arianne Phosphate	DAN	316800	-14600
Zodiac Exploration	ZEX	274000	274000
Sunridge Gold	SGC	225000	-23000
Colt Resources	GTP	220000	220000
Zenyatta Ventures	ZEN	193487	-33519
Big North Graphite	NRT	169000	169000
Goldquest Mining	GQC	148600	143402
Banks Island Gold	BOZ	142146	138000
Largest increase in short position
Graphite One	GPH	2172000	1611000
Robex Resources	RBX	1339500	1319500
Sirios Resources	SOI	1627900	993400
Zodiac Exploration	ZEX	274000	274000
Colt Resources	GTP	220000	220000
Largest decrease in short position
Global Cobalt	GCO	200	-1064800
Tasman Metals	TSM	39255	-659350
Fission 3.0	FUU	458100	-622927
Eastcoal	ECX	405	-600000
Rusoro Mining	RML	0	-589600